International Business - International Business Practice Questions

1:  
Deficits on current account in the balance of payments refer to
A.

Excess of export receipts to import payments

B.

Excess of import payments over export

C.

Import payments

D.

Export receipts

 
 

Option: B

Explanation :

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2:  
Imports are controlled as part of fiscal and monetary austerity measures on account of
A.

Incidence of severe poverty

B.

Rising debt repayment obligations

C.

Unemployment

D.

Population growth

 
 

Option: C

Explanation :

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3:  
Terms of trade have on an average tended to............... over time for non-oil-exporting developing countries.
A.

Improve

B.
Remain the same
 
C.

Worsen

D.

Fluctuate

 
 

Option: C

Explanation :

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4:  
The principle of comparative advantage asserts that
A.
A country will specialise in the export of the products that it can produce at the maximum relative cost
B.
A country will specialise in the export of the products that it can produce at the lowest relative cost
C.
A country will specialise in the export of the product that it can produce at maximum profit.
D.

None of the above

 
 

Option: B

Explanation :

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5:  

Export promotion is a/ an

A.

Inward looking strategy

B.

Outward looking strategy

C.

Fiscal strategy

D.

Political strategy

 
 

Option: B

Explanation :

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  • International Business Objective type questions answers can be used for the preparation of quizzes by any commerce student.
  • International Business Multiple Choice questions answers can be used in the preparation of ugc net commerce exams.
  • International Business multiple choice questions answers can be used to gain a credit score in various undergraduate and post graduate commerce courses like B com and Mcom
  • This section can also be used by  Environment students for improving their knowledge in International Business.
  • These mcq can also be used by any student of XI or XII standard who has opted to study commerce to increase his knowledge in International Business.